This prime 2-acre development site in South Nanaimo presents an outstanding opportunity. Currently zoned R1 but the
City has indicated they’d support multifamily rezoning. The property is easily accessible with dual road access, full
services and easy level building sites enhancing its appeal for potential developers and investors. At the forefront of this
property is a charming classic Heritage home, which has been thoughtfully updated to complement the new subdivision
plans. As one of the last remaining development parcels available in the area, it offers significant potential for growth and
housing. Additionally, the property features a detached garage along with a small carriage house or studio, providing
extra space for either storage or creative endeavors. The property also backs onto a new subdivision and park
designated for potential farming opportunities as well. Situated within walking distance to shopping, schools, and local
amenities, this development site promises a convenient lifestyle for future residents while ensuring a strong return on
investment in a rapidly developing neighborhood.
Address
950 Bruce Ave
List Price
$2,799,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Character
Transaction Type
sale
Area
Nanaimo
Sub-Area
Na South Nanaimo
Bedrooms
5
Bathrooms
2
Floor Area
1,485 Sq. Ft.
Lot Size
85377.6 Sq. Ft.
Lot Size (Acres)
1.96 Ac.
Year Built
1920
MLS® Number
1009442
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area
Not Full Height, Unfinished, Walk-Out Access
Postal Code
V9R 4A3
Tax Amount
$2,982.00
Tax Year
2024
Features
Heat Pump
Amenities
Acreage, Cleared, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Garden, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby